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Technical situation

Recommendation

Short term comment

Going above the mid-long term previous resistance located at 14.29 allows mid-term trend to be bullish biased; however it must be noted that it has gone above only by a 1.31. Even so, the profile is bullish for every analysis term.

Long term comment

From some months ago, long-term scenario remains bullish. Exhaustion signals that could alert for a trend turn, furthermore, are not yet noticeable.

Indicator

Previous

Current

Signal

Comment

RSI 7

73.78

79.98

The RSI 7 points an overbought situation (bullish trend is fragile).

RSI 14

64.78

69.10

The RSI 14 doesn't show any sign of overbuy/oversell.

RSI 21

60.99

64.26

The RSI 21 doesn't show any sign of overbuy/oversell.

RSI 50

58.59

60.14

The RSI 50 doesn't show any sign of overbuy/oversell.

RSI 200

55.81

56.26

The RSI 200 doesn't show any sign of overbuy/oversell.

Fast Stochastic

n/a

n/a

Bullish trend exhaustion signals, confirmed with turning signal.

Slow Stochastic

n/a

n/a

Heavy exhaustion of the bullish movement, however with no turning signal yet.

Simple Moving Average 7

14.00

14.11

Very short-term trend is bullish.

Simple Moving Average 21

13.53

13.60

Bullish mid-term trend.

Simple Moving Average 50

13.65

13.66

Bullish mid-term trend.

Simple Moving Average 200

11.75

11.77

Bullish long-term trend.

Exponential Moving Average 7

13.99

14.11

Very short-term trend is bullish.

Exponential Moving Average 21

13.71

13.78

Bullish mid-term trend.

Exponential Moving Average 50

13.71

13.78

Bullish mid-term trend.

Exponential Moving Average 200

13.71

13.78

Indefinite long-term trend.

MACD Line

0.17

0.20

Price following bearish trend.

MACD Signal

0.07

0.09

Price following bearish trend.

Bollinger 95

n/a

n/a

Bollinger 99

n/a

n/a

Double Exponential Moving Average 7

13.75

13.84

Very short-term trend is bullish.

Double Exponential Moving Average 21

13.48

13.49

Bullish mid-term trend.

Double Exponential Moving Average 50

13.48

13.49

Bullish mid-term trend.

Double Exponential Moving Average 200

13.48

13.49

Indefinite long-term trend.

Divergences

n/a

n/a

NO

On Balance Vol.

69,379.52

61,561.97

OBV is bullish

Momentum 7

0.48

0.62

High rising speed, though not extreme, in very short terms.

Momentum 7

0.62

1.21

Extremely high short-term rising speed.

% K Williams

15.04

0.00

Overbought, would favour a bearish turn.

Priority

Date

Notification

16/09/2019

RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.